The Meridian is the official blog of Scott Dauenhauer and Meridian Wealth Management. This blog will update you on financial planning and investment management topics. It will also explore the impact of world events on your portfolio.

Saturday, August 13, 2005

USATODAY.com - Equity-indexed annuities scrutinized

I think that most of the people selling these annuities are dishonest or naive. They don't understand the product and they mislead you into believing that you can earn a better return than is really possible. Most of these contracts are incredibly difficult to understand and are designed to benefit the insurance company, not the individual. Stay away from Equity Indexed Annuities.